Adoption Pursuant to the Terms of the Merger Agreement] [DATE] Notice of Amendment of LTI AwardsNational Instruments Corp • July 28th, 2023 • Services-prepackaged software
On April 12, 2023, National Instruments Corporation (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Emerson Electric Co. (“Emerson”), pursuant to which the Company will become a wholly owned subsidiary of Emerson. This notice amends the terms of all outstanding cash-based long-term incentive awards and restricted stock unit awards granted by the Company that will not be settled upon the closing (the “Closing”) of the transactions contemplated by the Merger Agreement and applies to any cash-based long-term incentive awards or restricted stock unit awards that may be granted by the Company following the date of this notice and prior to the Closing and that will not be settled upon the Closing (such awards collectively, the “LTI Awards”), in each case effective upon and subject to the Closing.
